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Jan 11, 2013 4:00pm EST
cautious on companies like kelloggs, general mills and even campbell's soup. why is that? >> several factors at play. commodity costs continue to be a challenge. consumers are maintaining a tight grip on their purse strings, and right-hand spending as much as in the past so passing through or offsetting some of these higher commodity costs with higher prices at the shelf can be a challenge, and private label competition is also fierce, so not only are they facing competition from other branded players, but they have lower priced private label brands and products that are challenging them as well. >> who is best positioned in the food space? >> from our perspective the most attractively priced from a valuation perspective name would be kraft foods. we think that kraft, now that it's been spun off from the global snacks business, represents an opportunity. their portfolio includes several mature brands, but they are investing in them now where they hadn't been in the past. for instance, kraft mayo, the advertising investment behind that brand had been increased by about 50% and the com
Search Results 0 to 0 of about 1